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☆ Macro outlook for power demand has 'never been higher' driven by data centers, says Enbridge CEO
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacro outlook for power demand has 'never been higher' driven by data centers, says Enbridge CEOGreg Ebel, Enbridge CEO, joins CNBC's 'Money Movers' to discuss the company's most recent earnings, outlooks on power demand, and more.

Persons: Greg Ebel

ZOUK MOSBEH, Lebanon — Israeli airstrikes and its burgeoning ground invasion have forced dozens of Lebanese Christians to take shelter in a monastery close to the border with Israel. Milad Louis, head of the municipality of Ain Ebel, a largely Christian town, said Israeli airstrikes forced the community to evacuate in just 45 minutes. Lebanese military personnel direct civilians Tuesday in the town of Rmeish along the border with Israel. Some 70 villagers were given shelter in the nearby monastery and school, with residents also opening up their homes to 30 fleeing the violence nearby, according to monastery officials. Lebanese civilians in the town of Rmeish along the border with Israel on Tuesday.

Persons: ZOUK, Milad Louis, ”, Israel, Louis, —, Jihan Kaisi Organizations: NBC News, Maronite, NBC, Union of Relief, Development Associations Locations: ZOUK MOSBEH, Lebanon, Israel, Ain, Ain Ebel, U.S, Rmeish, Ein, “, Lebanon's, Beirut, Lebanese

☆ Dodgers’ Shohei Ohtani reaches 50-50 in spectacular style
▼ + stars: | 2024-09-19 | by ( Fabian Ardaya | ) www.nytimes.com time to read: +5 min

MIAMI — In the first season of a record-setting contract, without throwing a single pitch, Shohei Ohtani found a new way to amaze. Reaching 40 home runs and 40 steals in a single season faster than any player was impressive enough. “I’ve seen him do some amazing things both pitching and hitting through the years but the way he’s doing this run of 50/50 is truly amazing. AdvertisementAs Ohtani took his curtain call, Baumann stepped off the rubber to let the two-way star soak in the moment. You start to see him stealing bags early in the year, he’s gonna try to go 50-50 again.

Persons: Ohtani, ” Ohtani, Will Ireton, ”, Nez Balelo, “ I’ve, Skip Schumaker, Ohtani strode, Mike Baumann, Andy Pages, —, Baumann, authenticators, that’s, Dave Roberts, Barry Bonds, Brady Anderson, Dino Ebel, “, He’s, That’s, ” Said, Clayton McCullough, ” Ebel, “ Don’t, he’s, Chris Arjoon Organizations: MIAMI —, Miami, Dodgers, Athletic, Marlins, Major League Baseball, ” Dodgers, MLB Locations: loanDepot

For Evan Gershkovich, the dozen appearances in Moscow's courts over the past year have fallen into a pattern. Guards take the American journalist from the notorious Lefortovo Prison in a van for the short drive to the courthouse. The periodic court hearings give Gershkovich’s family, friends and U.S. officials a glimpse of him, and for the 32-year-old journalist, it’s a break from his otherwise largely monotonous prison routine. Friends and family say Gershkovich is relying on his sense of humor to get through the days. Every day, Milman said, “I wake up and look at the clock.”“I think about if his lunchtime has passed, and his bedtime," she said.

Persons: Evan Gershkovich, He’s, Gershkovich, it’s, “ It’s, ”, Ella Milman, Milman, Nicholas Daniloff, Emma Tucker, ” Milman, Evan, Francesca Ebel, Josef Stalin's, he’s, Polina Ivanova, He's, Pjotr Sauer, ” Sauer, Mikhail Gershkovich, doesn't, “, Biden, Lynne Tracy, Gershkovich “, Vladimir Putin, Vadim Krasikov, ” Ebel, Journal's Tucker, I’m, Tracy Organizations: Wall, Journal, Federal Security Service, U.S, Associated Press, Russian Foreign Ministry, Moscow Times, Washington Post, Financial Times, Arsenal, British, Guardian, West Locations: Lefortovo, Yekaterinburg, Washington, Russia, Ukraine, “, New Jersey, Moscow, Russian, Germany, Berlin, Georgian

☆ Enbridge CEO Greg Ebel sits down with Jim Cramer
▼ + stars: | 2024-03-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Enbridge CEO Greg Ebel sits down with Jim CramerEnbridge President and CEO Greg Ebel joins 'Mad Money' host Jim Cramer to talk raising its dividend, the future of the North American Industry, and more.

Persons: Greg Ebel, Jim Cramer Enbridge, Jim Cramer Organizations: North American Industry

☆ Travel giant TUI smashes earnings expectations as investors decide on London exit
▼ + stars: | 2024-02-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain. German travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying expectations on the back of upbeat travel demand. For the same quarter last year, Europe's largest travel operator posted a 153 million euro net loss. "In a persistently challenging environment, people's high willingness to travel ensures strong economic development in all areas of the Group." A total of 3.5 million guests travelled with TUI during the three-month reporting period, up from 3.3 million the previous year.

Persons: TUI, Sebastian Ebel, Tui Organizations: Palma de Mallorca, TUI, Deutsche Bank, Deutsche Bank analysts Locations: Palma, Palma de, Spain, TUI, Europe

☆ European travel giant Tui will leave the London Stock Exchange
▼ + stars: | 2024-02-13 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Tui, one of the world’s largest travel agencies, will leave the London Stock Exchange in June — the latest blow to the British capital’s longstanding reputation as the undisputed leader of Europe’s stock markets. Shareholders in the German company, which is dual-listed in London and Frankfurt, voted Tuesday to delist the firm from the London Stock Exchange. The company expects to cancel its shares on the London Stock Exchange in late June. A Tui cruise ship in Malaga port in June 2021. Jorge Guerrero/AFP/Getty ImagesHeadquartered in Hanover, Tui owns more than 400 hotels, 16 cruise ships, five airlines and 1,200 travel agencies.

Persons: London CNN —, Tui, Mathias Kiep, “, ”, Delphine Currie, Reed Smith, Jorge Guerrero, “ It’s, ” Kiep, Sebastian Ebel Organizations: London CNN, London Stock Exchange, Shareholders, ARM Holdings, …, Getty, Revenue, Canaries Locations: London, Frankfurt, United Kingdom, Germany, New York, “, Amsterdam, Paris, Malaga, AFP, Hanover, Tui, Israel, East, Egypt, Cape Verde, Mexico, Thailand, Dominican Republic, South Africa, Red Sea, Yemen

☆ Modern US earthquakes could be century-old aftershocks, study says
▼ + stars: | 2023-12-04 | by ( Allison Chinchar | ) edition.cnn.com time to read: +9 min

Earthquakes vs. aftershocksThe modern seismic activity the researchers studied is likely a mixture of aftershocks from the big quakes from the 1800s and background seismicity, Chen said. “Are small earthquakes in the New Madrid seismic zone aftershocks of 1811-1812 or not?” Hough said in an email. “The new study considers the question from a different angle, considering how tightly clustered earthquakes are, and concluding that some of the events are ongoing aftershocks,” Hough said. Aftershocks might still be continuing, but once the normal seismic rate for the area returns, she said, you can no longer identify them as aftershocks. “For this reason, we seismologists sometimes disagree about which earthquakes are foreshocks or aftershocks,” Ebel said, “and I think those disagreements are inherently unresolvable.”

Persons: —, ”, Yuxuan Chen, geoscientist, Chen, “, Susan Hough, Hough, ” Hough, “ We’ve, . Fuller, Morgan Page, John Ebel, Ebel, John Karl Hillers, ” Ebel Organizations: CNN, Missouri -, of Geophysical Research, Wuhan University, Earthquakes, US Geological Survey, Survey, . Geological, USGS Earthquake Science, Boston College, . Geological Survey, San Locations: States, Missouri, Missouri - Kentucky, Charleston , South Carolina, Madrid, Memphis, Mississippi, Charleston, North America, China, New Madrid, Chickasaw, Reelfoot Lake , Tennessee, Boston, California, Eastern North America, Southern California, Northern California, San Andreas, Central

☆ Pipeline operator Enbridge beats profit targets on higher transport volumes
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNov 3 (Reuters) - Pipeline operator Enbridge (ENB.TO) on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids. Calgary, Alberta-based Enbridge moves about 30% of the crude oil produced in North America, and nearly 20% of the natural gas consumed in the United States. Mainline system transports light and heavy crude oil, natural gas liquids, and refined products from Edmonton, Alberta to various markets in Canada and the U.S. Midwest. In September, the company announced a $14 billion bid for Dominion Energy's (D.N) three utility assets, to create North America's largest gas utility platform. ($1 = 1.3735 Canadian dollars)Reporting by Tanay Dhumal in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Gregory Ebel, Ebel, Tanay, Shinjini Organizations: REUTERS, U.S . Midwest, Quarterly, Dominion, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, Ukraine, Calgary , Alberta, North America, United States, Edmonton , Alberta, Enbridge, Bengaluru

☆ Padres escape five-run hole to beat Dodgers
▼ + stars: | 2023-09-12 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

Mookie Betts homered and drove in four runs and Max Muncy added a long ball for the Dodgers (87-56), who led 7-2 after three innings. Dodgers rookie right-hander Gavin Stone struggled while replacing Clayton Kershaw in the rotation, giving up seven runs on nine hits over 5 1/3 innings. Padres starter Pedro Avila gave up seven runs on six hits and three walks in 2 2/3 innings. The Padres tied it 7-7 by getting two runs in the fourth and three more in the sixth. Martinez had an RBI single off Josh Hader in the ninth inning for the Dodgers, who managed to load the bases down by three.

Persons: Mookie Betts, Dino Ebel, Kirby Lee, Juan Soto, Manny Machado, Xander Bogaerts, Max Muncy, Gavin Stone, Clayton Kershaw, Kershaw, Pedro Avila, Robert Suarez, Soto, Betts, Miguel Rojas, Seong Kim, Chris Taylor, Machado's, Matthew Batten's, Caleb Ferguson, Evan Phillips, Trent Grisham, Taylor, James Outman, Fernando Tatis Jr, Phillips, J.D, Martinez, Josh Hader Organizations: Los Angeles Dodgers, San Diego Padres, Dodger, USA, Padres, Dodgers, Thomson Locations: Los Angeles , California, USA, Diego, Los Angeles

The deal is seen as a bet on the future of natural gas in a regulated market even as energy companies and consumers are transitioning to a greener future by phasing out fossil fuels. But some analysts were surprised at the timing, the scale and impact such a deal would have on the company's already leveraged balance sheet. Enbridge struck the deal just over a month after CEO Greg Ebel told analysts the company saw 'tuck-in' acquisition opportunities 'across the board'. By late morning, Enbridge shares were down 5.5% at C$45.50, while the benchmark Canadian share index was off 0.5%. Enbridge is selling new shares at a discount of 7.2% to its Tuesday close to part-fund the transaction.

Persons: Chris Helgren, Moody's, Morningstar, Stephen Ellis, Ellis, Enbridge, Greg Ebel, Wells, Mrinalika Roy, Denny Thomas, Anil D'Silva, Alexandra Hudson Organizations: REUTERS, Enbridge, Dominion Energy, East Ohio Gas, Public Service Co, Management, TC Energy, Alexandra Hudson Our, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, North Carolina, North America, company's, Bengaluru

☆ Enbridge CEO on Dominion deal: This will create largest natural gas platform in North America
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnbridge CEO on Dominion deal: This will create largest natural gas platform in North AmericaGreg Ebel, Enbridge president and CEO, joins 'Squawk Box' to discuss the company's decision to become the largest natural gas provider in North America, if the company got a better price due to regulatory concern, and where the company will operate.

Persons: North America Greg Ebel Organizations: Dominion Locations: North America

The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. Analysts, however, were surprised at the timing, the scale and impact such a deal would have on the company's already leveraged balance sheet. "I don't see how you can keep piling more issuance - debt and equity - on this company at these rates. Enbridge shares provisionally closed down 5.9% at C$45.31, while the benchmark Canadian share index was off 0.9%. "While Enbridge paid a reasonable price, high leverage and funding gap could act as overhang," Wells Fargo analysts said in a note.

Persons: Chris Helgren, Ryan Bushell, Enbridge, Greg Ebel, Morningstar, Stephen Ellis, Ellis, Wells, Alan Armstrong, Mrinalika Roy, Nia Williams, Denny Thomas, Anil D'Silva, Alexandra Hudson, Devika, Marguerita Choy Organizations: REUTERS, Dominion Energy, Ohio Gas, Public Service Co, Newhaven Asset Management, Management, TC Energy, Williams Companies, Barclays CEO Energy, Power Conference, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, North Carolina, North America, Newhaven, Enbridge, New York, Bengaluru

☆ Pipeline operator Enbridge Inc will buy three natural gas utilities from Dominion Energy for $9.4 billion
▼ + stars: | 2023-09-05 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —Canadian pipeline operator Enbridge Inc. announced Tuesday that it plans to acquire three gas distribution companies from Dominion Energy. The deal is valued at $14 billion, including $9.4 billion in cash and $4.6 billion in debt, and will create North America’s largest natural gas utility platform, according to Enbridge. Enbridge will buy three of Dominion’s gas utilities: The East Ohio Gas Company, Public Service Company of North Carolina, Incorporated, and Questar Gas Company, which serve about 3 million homes and businesses. “Adding natural gas utilities of this scale and quality, at a historically attractive multiple, is a once in a generation opportunity,” Enbridge CEO Greg Ebel said in a statement. “These businesses and employees have been an integral part of the Dominion Energy team, which is why we approached this decision with careful and deliberate consideration,” Dominion Energy CEO Robert Blue said in a statement about the company’s agreement with Enbridge.

Persons: Enbridge, ”, Greg Ebel, Dominion, Warren Buffett’s, Robert Blue Organizations: CNN, Canadian, Enbridge Inc, Dominion Energy, Dominion, East Ohio Gas Company, Public Service Company, Questar Gas Company, Warren, Warren Buffett’s Berkshire Hathaway Energy, ” Dominion Energy, Enbridge Locations: Enbridge, Richmond , Virginia, Calgary, Canada, United States, North Carolina

The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing RightsSept 5 (Reuters) - Enbridge (ENB.TO) will buy three utilities from Dominion Energy (D.N) for $14 billion including debt, the Canadian pipeline operator said on Tuesday, creating North America's largest natural gas provider and doubling its gas distribution business. The deals for East Ohio Gas, Questar Gas, and Public Service Co of North Carolina will consist of $9.4 billion in cash and $4.6 billion of assumed debt. U.S.-listed shares of Enbridge fell 6.5% to $33.01 in extended trading after the company also announced a C$4 billion ($2.9 billion) bought-share sale to fund a portion of the deal. The modest improvement in Enbridge's business risk profile is not enough to "offset ongoing pressure on the company's financial profile," said Gavin MacFarlane, vice president and senior credit officer at Moody's, in a statement.

Persons: Chris Helgren, Berkshire Hathaway, Greg Ebel, Enbridge, Patrick Murray, Moody's, Gavin MacFarlane, Morgan Stanley, Sullivan, Cromwell, McCarthy Tétrault, Arunima Kumar, David French, Denny Thomas, Shailesh Kuber, Sriraj Kalluvila, Richard Chang Organizations: REUTERS, Dominion Energy, East Ohio Gas, Public Service Co, Dominion, Federal Trade Commission, Foreign Investment, Co LLC, RBC Capital Markets, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, Canadian, North Carolina, Enbridge, Point, United States, Ohio , North Carolina , Utah , Idaho, Wyoming, North America, Bengaluru, New York

Factors such as cheaper airfares and weaker currencies in Scandinavia could play a role, but one of the world's biggest tour operators TUI (TUI1n.DE) said on Wednesday that climate change will also drive more tourists northbound. Tour operators in places like northern Norway also see an increased demand. This had resulted in more direct flight routes to Northern Norway being created, it said. Heather Storgaard, a Scottish tourist, planned her summer vacation this year in Denmark, with a stop in Northern Germany. Wissenbach is often in Italy due to work but said she preferred the north for holidays.

Persons: Sebastian Ebel, Ebel, TUI, Fabio Scaglione, Diego Bruno, Bruno, Heather Storgaard, we'd, Margit Wissenbach, Joanna Plucinska, Marie Mannes, Rachel More, Alberto Chiumento, Mark Potter, William Maclean Organizations: Mastercard, TUI's, Stockholm, Thomson Locations: Europe, Denmark, Finland, Netherlands, Norway, Sweden, Scandinavia, Poland, Belgium, Greece, Rhodes, Northern Norway, Turin, Italy, Italian, Spain, Scottish, Northern Germany, France, Germany, Switzerland, Gothenburg, Wissenbach

☆ Strong travel demand helps TUI swing back to profit
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

That was despite prices rising 7% over last year, indicating that the higher cost of travel wasn't dampening demand. In particular, the wildfires in Rhodes, Greece meant approximately 8,000 TUI customers had to leave their hotels, TUI said. The cost of that will be reflected in the full-year results and is expected to be close to 25 million euros. Ebel said that the Mediterranean region in Europe remained one of the top destinations for the tour group despite extreme weather. "The heatwave in Northern Europe in June and the wildfires in Southern Europe have only dampened temporarily the previously strong development," he said.

Persons: Borja Suarez, Sebastian Ebel, TUI, Ebel, Joanna Plucinska, Friederike Heine, Conor Humphries Organizations: Gran Canaria, REUTERS, Borja Suarez LONDON, Airlines, TUI, Thomson Locations: Puerto Rico, Gran, Spain, Europe, Rhodes, Greece, Northern Europe, Southern Europe

☆ Enbridge CEO Greg Ebel talks Q2 earnings
▼ + stars: | 2023-08-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Enbridge CEO Greg Ebel joins 'Mad Money' host Jim Cramer to talk quarterly earnings. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Greg Ebel, Jim Cramer

REUTERS/Dado Ruvic/IllustrationAug 4 (Reuters) - Canadian pipeline operator Enbridge Inc (ENB.TO) reported higher second-quarter profit on Friday due to increased oil volumes, and said it was not considering splitting its business. "I just don't see (a split) today for a company of our breadth, size and diversity, and frankly low risk diversification." The Mainline earned C$1.45 billion ($1.09 billion) in the quarter, up 19% from last year. The company reaffirmed its 2023 core earnings guidance and posted adjusted earnings of 68 Canadian cents, in line with analysts' average expectations, according to Refinitiv data. Enbridge reported net income of C$1.8 billion, or 91 Canadian cents per share, for the quarter, compared with C$450 million or 22 Canadian cents per share in the same period of last year.

Persons: Dado Ruvic, Greg Ebel, Ebel, Arshreet Singh, Rod Nickel, Sriraj Kalluvila, Jan Harvey Organizations: REUTERS, Enbridge, TC Energy, Thomson Locations: Calgary , Alberta, Toronto, Alberta, Enbridge's, U.S, Bengaluru, Winnipeg

☆ Russian foreign ministry summons Canadian envoy over plane confiscation
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 15 (Reuters) - Russia's Foreign Ministry said on Thursday that it had summoned a Canadian diplomat in Moscow in protest over the confiscation of an Antonov plane in Toronto, and warned that Russian-Canadian relations were on the "verge of being severed." Canada on Saturday ordered the seizure of a Russian-registered Antonov-124 cargo plane at Toronto's airport, its first such asset seizure aimed at putting pressure on Moscow over the Ukraine invasion. Russia told Brian Ebel, the deputy head of Canada's embassy in Moscow, that it viewed the plane seizure as "cynical theft," according to a statement from the foreign ministry. A spokesperson for the Canadian foreign ministry acknowledged Moscow's concerns, and reiterated Ottawa's "unwavering" support for Ukrainians. Those who have enabled, supported and profited from Russia's war in Ukraine will be held accountable," the spokesperson said in an emailed statement.

Persons: Brian Ebel, Trudeau, Ottawa's, Justin Trudeau, Ismail Shakil, Mark Potter, Alexandra Hudson Organizations: OTTAWA, Saturday, Canada, NATO, Alexandra Hudson Our, Thomson Locations: Canadian, Moscow, Toronto, Canada, Russian, Toronto's, Ukraine, Russia, Kyiv, Ukrainian, Ottawa

☆ Pipeline operator Enbridge to invest $2.4 bln in infrastructure, renewable energy
▼ + stars: | 2023-03-01 | by ( Sourasis Bose | ) www.reuters.com time to read: +2 min

The Calgary, Alberta-based pipeline operator said it would buy a gas storage facility in Tres Palacios in the U.S. Gulf of Mexico coast region for $335 million to strengthen its liquefied natural gas (LNG) export business. The Tres Palacios gas storage facility currently has a capacity of about 35 billion cubic feet and serves gas-fired power generation in Texas and Mexico. The pipeline operator has also decided to proceed with the construction of the Enbridge Houston Oil Terminal for an initial capital cost of $240 million. The company expects its renewable portfolio to grow over 400% by 2028. The company had earlier said it expects to deploy about C$6 billion of capital in 2023, inclusive of maintenance capital.

☆ Enbridge CEO: We're going to make sure investors know we're the first choice for energy delivery
▼ + stars: | 2023-02-28 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnbridge CEO: We're going to make sure investors know we're the first choice for energy deliveryMad Money host Jim Cramer talks to new Enbridge CEO Greg Ebel about his company's investor day event tomorrow, and what he hopes to convey.

☆ TUI sees strong summer bookings as travel recovery gains momentum
▼ + stars: | 2023-02-14 | by ( Joanna Plucinska | ) www.reuters.com time to read: +2 min

LONDON, Feb 14 (Reuters) - Holiday group TUI (TUIGn.DE), said on Tuesday it was seeing a positive travel recovery trend for the upcoming summer season as holidaymakers make plans to enjoy their breaks following a pandemic hiatus. Upcoming bookings for the 2023 winter and summer seasons hit 8.7 million. Low-cost airlines such as Ryanair, Wizz Air and easyJet all reported strong summer bookings earlier this year. Revenue improved by 1.4 billion euros to 3.8 billion euros year-on-year, with a growth of around a million guests to 3.3 million from the previous quarter. Separately, TUI shareholders are expected later on Tuesday to vote on a capital increase plan to repay Germany's Economic Stablisation Fund.

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